Zach Herron
15 posts

Zach Herron
@__zherron__
building some stuff - formerly @JaneStreetGroup
nyc Katılım Mayıs 2021
698 Takip Edilen362 Takipçiler

@DeepDishEnjoyer my understanding, which might be wrong, is that the test where the 125 figure comes from was a high school test that was right-censored and meant to test for mental disabilities / who needed extra help at school.
agree that the list here is probably not well-founded though
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@bookdepth But then who will pay for my airport lounge access :'(
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@Duderichy I never found it to be as useful as some other people did, but taking notes (in org-mode or otherwise) of very important thoughts and plans to do later has always been a big help
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@krishnanrohit A smaller number of people reeeaalllly like it (games) vs basically everyone likes it a bit (music)?
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@beffjezos buying apocalypse insurance is a great way to learn about counterparty risk
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@krishnanrohit If I mark someone's 401k to 81% of total contributions when they're 65 and say "hey you'll get this cash in 5 more years," would destroy most of the value.
Obviously with Madoff, these gains were fake, but the whole point is the investors kinda didn't know that
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@krishnanrohit 81% of the principal invested right? The big problem was that people had "gains" in the funds that accounted for a large portion of the wealth. Combined with the opportunity cost of capital tied up in a bankruptcy for many years, it was extremely devastating for investors
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@MattZeitlin Open offer to sell at +400 for anyone who wants to buy
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@tszzl Kalshi having lots of difficulty getting any real volume despite an impressive team and impressive backers leads to a similar conclusion unfortunately.
Financial products (ex-crypto) feel like they usually need some big financial institution backing / pushing them
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